The Analysts gives Consensus Recommendation of "Hold" to JC Penney Co. (JCP)

The Analysts gives Consensus Recommendation of

Further, the company's higher debt level also raises a concern. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement.

Several analysts have released their opinion on J. C. Penney Company, Inc. Wells Fargo maintained it with "Outperform" rating and $30 target in Thursday, August 10 report. The consensus mean EPS for the current quarter is at $-0.18 derived from a total of 20 estimates from the analysts who have weighed in on projected earnings. Holding from a "hold" rating to a "buy" rating in a report on Tuesday, August 1st. The stock of J C Penney Company Inc (NYSE:JCP) earned "Outperform" rating by Telsey Advisory Group on Monday, August 15. The stock witnessed -20.2% declines, -42.33% declines and -41.68% declines for the 1-month, 3-month and 6-month period, respectively. Holding from a "hold" rating to a "sell" rating in a research report on Wednesday, July 12th. Sheaff Brock Investment Advisors LLC raised its stake in J.C. Penney by 4.4% in the third quarter. Piper Jaffray maintained the stock with "Hold" rating in Thursday, September 14 report. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.

When it comes to the Analysis of a Stock, Price Target plays a vital role. Qcm Cayman Ltd holds 0.17% in J C Penney Company Inc (NYSE:JCP) or 15,739 shares. Holding (NYSE JCP) traded down 14.75% on Friday, hitting $3.12. The company's past year sales total was 2.86 Million. It has a market cap of $1.14 Billion.

J.C. Penney Company Inc (NYSE:JCP)'s revenue estimates for the current quarter are $2.75 Billion according to 18 number of analysts, for the current quarter the company has high revenue estimates of $2.87 Billion in contradiction of low revenue estimates of $2.61 Billion. After $-0.09 actual EPS reported by J C Penney Company Inc for the previous quarter, Wall Street now forecasts 100.00% negative EPS growth.

J. C. Penney Company, a holding company.

The High Revenue estimate is predicted as 2.87 Million, while the Low Revenue Estimate prediction stands at 2.61 Million. The company beat the analyst EPS Estimate with the difference of $0. The company's revenue for the quarter was up 1.5% compared to the same quarter a year ago. Moreover, Smithfield Trust has 0% invested in J C Penney Company Inc (NYSE:JCP).

While considering growth estimates of the company, it has next quarter growth estimates of -3.1% whereas during current quarter it has 14.3% estimations over growth, comparing to the estimations of 437.5% during current year and -14% for next year. Capstone Asset has 0.01% invested in J C Penney Company Inc (NYSE:JCP) for 53,574 shares.

More news: Bypassing Pakistan, India initiates Afghanistan trade route via Iran

The consensus recommendation, according to Zacks Investment research, is 2.73. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of US and global trademark and copyright law. Commonwealth Equity Svcs invested 0% of its portfolio in J C Penney Company Inc (NYSE:JCP). J C Penney Company Inc (NYSE:JCP) has declined 40.00% since October 29, 2016 and is downtrending.

J. C. Penney Company, a holding company. $6.55's average target is 127.43% above currents $2.88 stock price. Institutional investors and hedge funds own 72.32% of the company's stock.

In related news, Director Paul J. Brown acquired 25,000 shares of the firm's stock in a transaction on Monday, August 21st. Following the purchase, the director now owns 68,123 shares of the company's stock, valued at $246,605.26. The disclosure for this purchase can be found here. The co's performance for 6 months was moved down of -31.97%, 1-year performance stands at -56.48% and year to date showing reduced performance of -55.96%. Corporate insiders own 1.02% of the company's stock. It fall, as 73 investors sold JCP shares while 70 reduced holdings. Parametrica Management Ltd purchased a new stake in J.C. Penney during the second quarter worth $102,000. Holding during the second quarter valued at $311,000.

Mcrae Capital Management Inc increased Investors Bancorp Inc New (ISBC) stake by 234.08% reported in 2017Q2 SEC filing. Holding by 93.5% during the second quarter. Lenox Wealth Management Inc. now owns 71,386 shares of the department store operator's stock worth $332,000 after purchasing an additional 34,486 shares in the last quarter. Jc Penney Co Inc now has $969.51M valuation. Holding by 10.6% in the 2nd quarter.

In the past 5 years, the stock showed growth of 9.37% per annum.

COPYRIGHT VIOLATION NOTICE: "J.C. Penney Company, Inc". Rhumbline Advisers now owns 629,809 shares of the department store operator's stock worth $2,929,000 after acquiring an additional 60,340 shares during the period. Finally, California Public Employees Retirement System raised its stake in J.C. Penney Company, Inc. Holding by 3.3% in the 2nd quarter.

More news: An Apple analyst believes all iPhones will have Face ID in 2018

Related Articles